1. Adani Green Energy plans to invest Rs2.3tn ($27.6bn) to expand its green energy production capacity.
2. The investment will focus on increasing solar and wind power generation capacity, with a target of 30GW by 2030.
3. Adani New Industries will triple photovoltaic cell and module production capacity to 10GW by 2026-2027 to support expansion efforts.
Adani Green Energy, a part of the Adani Group in India, has announced a substantial investment plan of Rs2.3tn ($27.6bn) to expand its green energy production. The company plans to invest Rs1.5tn in solar and wind power generation in Gujarat to increase its capacity to 30GW by 2030. Additionally, Adani Green Energy plans to invest Rs500bn in renewable projects across the country. This investment is part of a broader strategy to reach an operating portfolio of 45GW by 2030, a significant increase from its current capacity of 10.9GW, which includes 7.3GW of solar, 1.4GW of wind, and 2.1GW of wind-solar hybrid capacity.
The company’s expansion efforts will be supported by Adani New Industries (ANIL), which aims to triple the photovoltaic cell and module production capacity at its Mundra factory in Gujarat. ANIL will invest Rs300bn to increase the factory’s capacity from 4GW to 10GW by the financial year 2026 to 2027. In a strategic pact with Reliance Industries Limited (RIL), Adani Power’s power project in Madhya Pradesh saw RIL acquire a 26% stake, allowing the use of 500MW of electricity generated by the thermal power plant for captive purposes.